Dismissing the appeal of the revenue the Court held that ; since services were rendered, liability to pay service tax in respect of consideration would arise only upon assessee receiving funds and not otherwise, thus, liability claimed by assessee could not be disallowed. (AY. 2006-07)
PCIT v. Tops Security Ltd. (2018) 258 Taxman 161 (Bom.)(HC).Editorial: SLP of revenue is dismissed , PCIT v. Tops Security Ltd( 2019) 262 Taxman 355 (SC)
S. 43B : Certain deductions only on actual payment –Service tax payable-Since services were rendered, liability to pay service tax in respect of consideration would arise only upon assessee receiving funds and not otherwise-liability claimed by assessee could not be disallowed.
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